ChainCatcher news, according to Jinshi reports, MicroStrategy has purchased an additional $1.5 billion in Bitcoin, marking the fourth consecutive week that this cryptocurrency hedge fund proxy has bought Bitcoin.According to a document from the U.S. Securities and Exchange Commission (SEC), MicroStrategy acquired 15,400 Bitcoins between November 25 and December 1. Since November 11, the company has purchased over $13.5 billion in Bitcoin and currently holds approximately $38 billion in Bitcoin. MicroStrategy co-founder and chairman Michael Saylor has transformed this enterprise software manufacturer into what he calls a "Bitcoin treasury," attracting attention from Wall Street. The company's stock price has surged over 500% this year, outperforming almost all other major stocks. MicroStrategy has been financing its Bitcoin purchases by selling convertible notes and issuing stock in the market.

According to ChainCatcher news, WisdomTree has submitted an application for the WisdomTree XRP Fund to the U.S. Securities and Exchange Commission (SEC) via an S-1 filing. This is an exchange-traded fund (ETF) that issues beneficial interest common stock and will be listed on the Cboe BZX Exchange, Inc. under the ticker symbol "TICKER".The investment objective of the trust is to obtain exposure to the price of XRP, minus the expenses and liabilities of the trust. The Bank of New York Mellon ("BNYM") serves as the trustee, fund accountant, and transfer agent for the trust.

ChainCatcher news, Fu Rao, Executive Director of the Hong Kong International New Economy Research Institute, pointed out that Bitcoin, as an important component of the digital economy, has gradually transformed from a speculative asset into a mainstream investment tool. Although the long-term trend is positive, short-term market sentiment and speculative capital flows may lead to price corrections, and investors need to be wary of the market risks brought by excessive optimism.The Trump administration's friendly policies towards the cryptocurrency industry will continue to provide strong support for Bitcoin. However, it is important to be cautious, as there may be uncertainties in the specific implementation of these policies. For example, if the new leadership of the SEC takes a conservative stance on Bitcoin, it could lead to a decline in market confidence.

ChainCatcher news, according to DL News, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Touzi Capital and its CEO Eng Taing, accusing them of a $115 million unregistered securities offering fraud. According to the complaint, from 2021 to early 2023, the defendants raised approximately $118 million through false advertising of cryptocurrency mining and debt restructuring businesses, including $95 million from the crypto mining project and $23 million from the debt restructuring project, involving over 1,500 investors across the United States.The SEC stated that Taing falsely promoted the project as a "stable and predictable" high-yield savings account investment, while in reality, these investments were "highly speculative and lacked liquidity." The SEC accused the defendants of misappropriating investor funds for personal purposes and continuing to solicit investors even after the business began to collapse. In fiscal year 2024, the SEC initiated a total of 583 enforcement actions, obtaining a record $8.2 billion in financial compensation.

ChainCatcher news, according to the statistics from OKLink Research Institute on November 28, since the opening of the U.S. Bitcoin spot ETF channel in January 2024, the BTC holdings of global Bitcoin spot ETFs have been continuously rising.As of November 28, 2024, the global Bitcoin spot ETF holdings have reached 5.55% of the total Bitcoin supply. In the financial industry, a 5% ownership stake is considered a critical threshold. For example, according to the regulations of the U.S. Securities and Exchange Commission (SEC), shareholders owning more than 5% must report such information to the SEC.

ChainCatcher news, Bitwise submitted 10 cryptocurrency index ETFs to the U.S. Securities and Exchange Commission (SEC), including: Bitcoin, XRP, Solana, Cardano, Uniswap, Polkadot, Chainlink, Ethereum, Avalanche, Bitcoin Cash.

ChainCatcher news, official news, Bitwise announced that the New York Stock Exchange (NYSE Arca) has submitted an application to launch a Bitwise exchange-traded product (ETP) that will cover investments in both spot Bitcoin and Ethereum, weighted by market capitalization. According to the documents, this ETP will directly hold these two assets.The launch of this ETP is pending the approval of the 19b-4 application and the effectiveness of the S-1 registration statement.

ChainCatcher news, TD Cowen analyst Jaret Seiberg stated in a research report that Trump "will immediately gain control of the U.S. Securities and Exchange Commission" after taking office on January 20, 2025, and added that this would be a positive signal for relaxing cryptocurrency enforcement and promoting compliance.

ChainCatcher news, according to Decrypt, the U.S. Securities and Exchange Commission (SEC) received $8.2 billion in fines for the fiscal year 2024, setting a record high in its history, with more than half ($4.5 billion) coming from the SEC's fines against Terraform Labs and its founder Do Kwon. Without this settlement, the SEC's finances would have reached their lowest level since 2013, at $3.72 billion.

ChainCatcher news, crypto lawyer John Deaton stated that SEC Chairman Gary Gensler, while refusing to meet with U.S. cryptocurrency executives like Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell, held a private meeting with FTX's SBF. He questioned whether the $10 million donation from SBF to politicians was related to the special regulatory treatment he received and demanded that the SEC make the relevant meeting records public.

ChainCatcher news, according to Bloomberg, Bitcoin has set the longest streak of declines since Trump won the U.S. election. As of Monday, Bitcoin has fallen about 6% for three consecutive days.Since the election day on November 5, the total market capitalization of the cryptocurrency market has increased by $1 trillion, but the momentum has currently stalled. IG Australia analyst Tony Sycamore believes that this pullback is mainly to eliminate overbought conditions and not a trend reversal.Independent Reserve CEO Adrian Przelozny stated that the current bullish sentiment is expected to last until 2025. TD Cowen analyst Jaret Seiberg pointed out that Trump will gain control over the U.S. SEC after taking office, which will be beneficial for easing cryptocurrency regulations.

ChainCatcher News, U.S. Congressman and Arkansas Republican French Hill stated in an interview that Republican SEC Commissioner Hester Peirce "may become the new acting chair of the U.S. SEC."Hill said, "We look forward to Trump's appointment of a new SEC chair, and after Gary Gensler steps down on January 20 next year, a Republican will become the acting chair of the SEC. That person could be Hester Peirce------she is very likely to become the acting chair of the SEC."Regarding Gary Gensler's announcement of his impending departure, Hill remarked, "Gensler has been quite disappointing for the crypto ecosystem." This is because Gensler has taken an "enforcement-first" approach, and "Gensler's views on the crypto industry are almost contradictory."Hill added that the SEC cannot address all the issues currently facing the U.S. crypto industry. Congress must work with the SEC to pass legislation to ensure fair enforcement of digital assets.

ChainCatcher news, according to Crypto Briefing, SEC Commissioner Mark Uyeda stated in an interview with Fox Business that he supports establishing a safe harbor and regulatory sandbox mechanism in the cryptocurrency space to promote innovation.As a leading candidate for SEC Chairman under the Trump administration, Uyeda emphasized the need to end the so-called "crypto war" and to create a clearer regulatory framework. Uyeda pointed out that "many crypto assets are not actually securities, yet they are labeled as such." He stressed the importance of collaboration between Congress, the White House, and regulatory agencies in establishing a comprehensive regulatory framework.

ChainCatcher news, according to The Block, Jaime Lizárraga, one of the three Democratic commissioners of the U.S. Securities and Exchange Commission (SEC), stated that he has informed President Joe Biden of his plans to resign and intends to leave the agency early next year. Lizárraga mentioned that he is stepping down to spend more time with his family.The day before Lizárraga announced his resignation, SEC Chairman Gary Gensler also planned to step down in January. This means that Commissioner Caroline Crenshaw will become the only Democrat leading the SEC. Gensler noted that he and Lizárraga not only worked together at the SEC but also collaborated at the U.S. Treasury after the 2008 financial crisis.

ChainCatcher news, according to market news, Robinhood's Chief Legal Officer Dan Gallagher stated that he will not serve as the chairman of the U.S. Securities and Exchange Commission.

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gery Gensler announced plans to resign on January 20, 2025. However, the new nominee for SEC Chairman will face scrutiny from the U.S. Senate, as all commission members must be confirmed by the Senate.It is reported that Trump may attempt to bypass some appointment confirmation procedures through a recess appointment; however, this would require Congress to vote for a recess, and Congress may be reluctant to do so unless the nominee is uncontroversial.

ChainCatcher news, Bloomberg senior ETF analyst James Seyffart posted on social media: "Cboe has just submitted applications for 4 Solana spot ETFs to the SEC, with issuers being VanEck, 21Shares, Canary Capital, and Bitwise.If the SEC does not reject the above filings, the final deadline will be around early August next year."

ChainCatcher news, according to an official announcement, SEC Chairman Gary Gensler will resign on January 20.The announcement mentioned that in the last full fiscal year, although the cryptocurrency market accounted for less than 1% of the U.S. capital markets, 18% of the tips, complaints, and referrals received by the SEC were related to cryptocurrencies. Courts have supported the Commission's actions to protect investors and dismissed all arguments regarding the SEC's inability to enforce the law when issuing securities—regardless of the form of the securities issuance.It is reported that Trump's presidential term will also begin on January 20.